Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GOLD TECHS
- RES 4: $1980.8 - 2.00 proj of the Dec 15 - Jan 25 - 28 price swing
- RES 3: $1957.1 - 1.764 proj of the Dec 15 - Jan 25 - 28 price swing
- RES 2: $1959.4 - High Jan 6 2021
- RES 1: $1949.0 - Intraday high
- PRICE: $1939.3 @ 05:20 GMT Feb 24
- SUP 1: $1908.8 - Intraday low
- SUP 2: $1879.6/53.9 - High Feb 15 / High Jan 25
- SUP 3: $1844.7 Low Feb 15
- SUP 4: $1821.1 - Low Feb 11
Gold remains in an uptrend and the recent strong impulsive rally resumed today in line with a spike in the current risk averse climate. The yellow metal has cleared $1916.6, the Jun 1 2021 high and a key bull trigger. Note that price has also arrived at the top of its bull channel, drawn from the Aug 9 2021 low. The channel top intersects at $1938.4 - a key resistance area. An extension higher would open $1957.1. First support is at $1908.9.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok